Callan JMB Extends Long-Term Contract with City of Chicago and Receives Increase in Funding

Rhea-AI Summary

Callan JMB (NASDAQ: CJMB) has secured a contract extension with the City of Chicago through June 2026, marking a significant development in their seven-year partnership. The contract, focused on Health Preparedness Supplies and Related Services, includes a $1.5 million funding increase, bringing the total contract value to $9.1 million.

Through its subsidiary Coldchain Technology Services, Callan JMB will continue providing pallet storage and emergency supplies management services for Chicago residents. The extension ensures uninterrupted service delivery in emergency preparedness and response capabilities.

Positive

• Contract extension secured through June 2026, demonstrating long-term client retention
• Significant funding increase of $1.5 million, bringing total contract value to $9.1 million
• Seven-year partnership validation with major municipal client (City of Chicago)
• Demonstrates operational excellence and client trust in emergency preparedness services

Negative

• None.

Insights

Government Contracts Specialist

Callan JMB secures $1.5M contract increase from Chicago, extending 7-year partnership through 2026 - positive revenue stability indicator.

The Chicago contract extension represents a 19.7% increase in contract value, bringing the total to $9.1 million. This six-month extension through June 2026 builds upon a long-term relationship dating back to 2018, demonstrating Callan JMB's ability to maintain and expand key government partnerships. The seven-year client retention is particularly valuable in the government sector, where contract stability provides predictable revenue streams and signals service quality.

The contract's focus on emergency preparedness supplies positions Callan JMB within the critical infrastructure sector - typically more resilient during economic downturns. This agreement specifically covers pallet storage and management of emergency supplies through their Coldchain Technology Services subsidiary, leveraging their specialized capabilities in storage and cold chain logistics for healthcare and emergency management.

For investors, this extension carries significance beyond the immediate $1.5 million increase. It demonstrates the company's capacity to expand existing client relationships rather than relying solely on new business acquisition, which typically requires lower customer acquisition costs. The City of Chicago represents a high-value reference client that may facilitate additional municipal contracts in other major metropolitan areas. The extended timeline through mid-2026 also enhances near-term revenue visibility for stakeholders.

Contract Increase Extends Seven-Year Partnership through June 2026 with Price Increase of $1.5 Million to Total Value of $9.1 Million

SPRING BRANCH, Texas, July 17, 2025 (GLOBE NEWSWIRE) -- Callan JMB INC. (NASDAQ: CJMB) (“Callan JMB” or the “Company”), an integrative logistics company empowering the healthcare industry and emergency management agencies through fulfillment, storage, monitoring, and cold chain logistics services, today announced that it has been awarded a six-month extension through June 2026 to the pallet storage contract with the City of Chicago it has held since 2018.

The City of Chicago has extended the term of its existing contract with Callan JMB’s operational subsidiary, Coldchain Technology Services, for Health Preparedness Supplies and Related Services, with a $1.5 million increase in funding to an adjusted value of $9.1 million. The extension period to June 20, 2026 will allow Callan JMB to continue its existing management and distribution of stored emergency supplies without interruption for the benefit of residents of the City of Chicago.

“We are proud that the City of Chicago has shown its confidence in our performance in Emergency Preparedness and Response by awarding us an extension to the pallet storage contract with them,” said Wayne Williams, Founder and CEO of Callan JMB. “Our seven-year partnership demonstrates our ability to deliver mission-critical logistics services when communities need them most. The increase in funding reflects both our proven operational excellence and the City of Chicago's trust in our capabilities to safeguard public health preparedness. We remain committed to providing exceptional service and stand ready to support Chicago's emergency response needs.”

About Callan JMB
Callan JMB is an integrative logistics company empowering the healthcare industry and emergency management agencies through fulfillment, storage, monitoring, and cold chain logistics services to secure medical materials and protect patients and communities with compliant, safe, and effective medicines. Our combined expertise in supply chain logistics, thermodynamics, biologics, inventory management, regulatory compliance and emergency preparedness is unparalleled in the industry. We offer the Gold Standard in client experience with customizable interfaces, next-level reliability in shipping and environmental sustainability in our specialty packaging.

Forward-Looking Statement
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Statements preceded by, followed by or that otherwise include the words “believe,” “anticipate,” “estimate,” “expect,” “intend,” “plan,” “project,” “prospects,” “outlook,” and similar words or expressions, or future or conditional verbs, such as “will,” “should,” “would,” “may,” and “could,” are generally forward-looking in nature and not historical facts. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company’s actual results, performance, or achievements to be materially different from any anticipated results, performance, or achievements for many reasons. The Company disclaims any intention to, and undertakes no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise. For additional risks and uncertainties that could impact the Company’s forward-looking statements, please see the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. Investors and security holders are urged to read these documents free of charge on the SEC's website at: http://www.sec.gov. Except as required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, and disclaims any intention or obligation to update or revise any such forward-looking statements to reflect events or circumstances that subsequently occur, or of which the Company hereafter becomes aware.

Investor Contacts:
Valter Pinto, Managing Director
KCSA Strategic Communications
CallanJMB@kcsa.com
212.896.1254

FAQ

What is the new contract value for Callan JMB's agreement with the City of Chicago?

The contract value has increased by $1.5 million to a total of $9.1 million following the extension.

How long has Callan JMB been partnering with the City of Chicago?

Callan JMB has been partnering with the City of Chicago since 2018, marking a seven-year partnership.

When does Callan JMB's extended contract with Chicago expire?

The extended contract will expire on June 20, 2026, following a six-month extension.

What services does CJMB provide to the City of Chicago?

CJMB provides pallet storage, management, and distribution of emergency supplies through its subsidiary Coldchain Technology Services.

Who is the CEO of Callan JMB?

Wayne Williams is the Founder and CEO of Callan JMB.